- USD/CHF is consolidating after hitting high of 0.95344 on Friday. The pair has shown a minor decline after US jobs data. The pair major bottom is around 0.9320 and any weakness can be seen only below this level. It is currently trading around 0.94945.
- US economy has added 313K jobs for the month of Feb highest in 1-1/2 years compared to forecast of 205K. But wage growth slows down to 0.1% compared to forecast of 0.3%.
- Technically, in the daily chart the pair is facing strong resistance at 0.9550 and any break above will take the pair to next level till 0.9600/0.9620./0.96650.
- On the lower side, near term support is around 0.9430 (34- day EMA) and any break below will take the pair to next level till 0.9380/0.9350. The major support is around 0.92510.
It is good to buy on dips around 0.9480 with SL around 0.9430 for the TP of 0.9600.
